SATISH SHARMA - not just Rotigraphy.: Iraq has some of the world’s largest oil reserves but the money it earns doesn’t fully flow through Baghdad. Instead, a system set up after the US invasion in 2003 still gives Washington lasting leverage over Iraq's oil revenues.

Thursday, 26 March 2026

Iraq has some of the world’s largest oil reserves but the money it earns doesn’t fully flow through Baghdad. Instead, a system set up after the US invasion in 2003 still gives Washington lasting leverage over Iraq's oil revenues.

https://x.com/Kathleen_Tyson_/status/2036790701103485032

I’m glad Iraq’s financial choke chain at the New York Fed is coming under scrutiny, especially as Trump has now done even worse for Venezuela, skimming 40% off oil proceeds in a Qatar account under his own control.

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Al Jazeera English

@AJEnglish

Iraq has some of the world’s largest oil reserves but the money it earns doesn’t fully flow through Baghdad. Instead, a system set up after the US invasion in 2003 still gives Washington lasting leverage over Iraq's oil revenues. Al Jazeera’s Osama bin Javaid explains.

12:01 AM · Mar 26, 2026

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